TELEGRAM LETS USERS SEND TETHER - USDT, BITCOIN, AND TONCOINS (CRYPTOCURRENCY) FROM NOW ON

March 25, 2023

Messaging app Telegram has added a new feature that allows users to send themselves TETHERS (USDT), a top stablecoin, within its chat service. The option of sending USDT was incorporated into the @wallet bot, which facilitates the buying and selling of cryptocurrencies. This move could have significant implications, as familiarity with blockchain technology and cryptocurrency transfers has been a significant barrier to entry for many people. Integrating cryptocurrency payments with messaging apps like Telegram could make transferring cryptocurrencies as easy as sending SMS messages or photos, which could encourage greater adoption. In addition to USDT, Telegram also offers Bitcoins (BTC) and Toncoins (TON), which can also be sent through its @wallet bot. The TON Foundation, which promotes anonymous P2P transactions, highlights the service's ability to enable the buying of cryptocurrencies without exiting the Telegram app and sending funds to friends using a short pseudonym and without long wallet addresses. However, users must provide their phone number, and Telegram charges a 0.9% commission for transactions.

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